Michigan § 129.115 Maintaining separate account for each participant; monthly statement of transactions; report.

Michigan Statutes

§ 129.115 — Maintaining separate account for each participant; monthly statement of transactions; report.

Michigan § 129.115

Ch. 129PUBLIC FUNDS

Act 367 of 1982SURPLUS FUNDS INVESTMENT POOL ACT (129.111-129.118)

This text of Michigan § 129.115 (Maintaining separate account for each participant; monthly statement of transactions; report.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 129.115 (2026).

Text

SURPLUS FUNDS INVESTMENT POOL ACT (EXCERPT) Act 367 of 1982 129.115 Maintaining separate account for each participant; monthly statement of transactions; report. Sec.

5.The depository shall maintain for each participant a separate account designated by the participant's name and number. Each account shall show the deposits, earnings, and withdrawals of, and any fees paid by, the participant. Each participant shall receive a monthly statement of transactions and, upon request, shall be furnished a report showing the investment holdings of the investment pool as of the end of the previous month.

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SURPLUS FUNDS INVESTMENT POOL ACT (EXCERPT) Act 367 of 1982 129.115 Maintaining separate account for each participant; monthly statement of transactions; report. Sec. 5. The depository shall maintain for each participant a separate account designated by the participant's name and number. Each account shall show the deposits, earnings, and withdrawals of, and any fees paid by, the participant. Each participant shall receive a monthly statement of transactions and, upon request, shall be furnished a report showing the investment holdings of the investment pool as of the end of the previous month.